Insurance Premium Calculator
Estimate premiums for various insurance policies in India
Term Life Insurance Premium Calculator
Calculate your term life insurance premium based on your age, coverage amount, and other factors
30 yrs
₹50,00,000
₹10 Lakhs₹5 Crores
20 years
5 years40 years
Premium Estimate
Based on your inputs
₹0
Annual Premium
₹0 monthly
Coverage Amount₹50,00,000
Policy Term20 years
Premium Rate₹0.00 per ₹1,000
Note
This is an estimate. Actual premiums may vary based on medical examination and underwriting.
Understanding Insurance Premiums
Insurance premiums are calculated based on risk assessment, coverage amount, and various other factors specific to each insurance type.
Risk Factors
Insurance companies assess risk based on:
- Age and gender
- Health condition
- Occupation
- Location
- Past claims history
- Asset value and condition
Premium Reduction Tips
Ways to reduce your insurance premiums:
- Maintain a good claim history (NCB)
- Bundle multiple policies
- Opt for higher deductibles
- Install safety/security devices
- Review and compare policies annually
- Maintain good health habits
Tax Benefits
Insurance premiums can offer tax benefits:
- Life Insurance: Section 80C (up to ₹1.5 lakhs)
- Health Insurance: Section 80D (up to ₹25,000, ₹50,000 for senior citizens)
- Term Insurance: Section 80C
- Critical Illness Rider: Additional deduction under Section 80D
- NPS: Additional deduction under Section 80CCD